United States Cellular Corp | Synthetic Fixed-Income Sec STRATS 2004-06, 6.375% US Cellular Corp. (GJH)
Prospectus excerpt: Synthetic Fixed-Income Securities Inc., 6.375% STRATS (Structured Repackaged Asset-Backed Trust Securities) Certificates, Series 2004-6, Class A-1 Certificates, STRATS Trust for United States Cellular Corp., price to the public $10 per certificate. The underlying securities are the 6.70% Senior Notes, due 12/15/2033 issued by United States Cellular Corp. (NYSE: USM). The STRATS certificates pay 6.375% ($0.6375) per annum distributions semiannually on 6/15 & 12/15 to holders of record on the business day immediately preceding the payment date (NOTE: the ex-dividend date is one business day prior to the record date). Certificates are callable at the option of the call warrant holder on or after 4/21/2009 at $10 per certificate plus accrued and unpaid interest. Certificate ratings at the IPO were A- by S&P and Baa1 by Moody's. Synthetic Fixed-Income Securities, Inc. is a wholly-owned subsidiary of Wachovia Corporation.
United States Cellular provides wireless telecommunications services. Co. focuses on consumer, business and government customers located in its operating markets. Co. provides wireless solutions to consumers and business and government customers, including a suite of connected Internet of things (IoT) solutions and software applications across the categories of monitor and control, business automation/operations, communication, asset management, smart water solutions, and custom, end-to-end IoT solutions. Additionally, for first responders, Co. provides both Wireless Priority Services and Quality Priority and Preemption options.
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